Scope of the Study
Short term health insurance provides the temporary solution to fill the gap between the coverage’s. This type of health insurance is also known as limited-duration insurance which lasts for months or a year. It is used for individual as well as family and covers unexpected accidents and illness. The short term health insurance offers lower premiums for those who enroll before the pre-existing conditions. However, this is not eligible for federal financial aids. The Short term health insurance is available in limited waiting period which can start coverage from next day.
The market study is being classified and major geographies with country level break-up.
Allianz (Germany), Cigna TTK (United States), Zurich (Switzerland), BUPA (United Kingdom), United Health group (United States), Anthem (United States), CVS health (United States), Humana (United States), Centene (United States) and Wellcare health plans (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Max Bupa (India), Health insurance innovations (United States), PICC (China) and Religare (India).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Short Term Health Insurance market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Short Term Health Insurance market by Type, Application and Region.
On the basis of geography, the market of Short Term Health Insurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Geriatric Population is Fueling the Market Growth
- Low Premium if Enrolled Before any Pre-Existing Conditions
- Adoption of Technology in Processing the Insurance Such as Artificial Intelligence and Automation
- Provision for Private as Well as Public Sector Employees
- Exclusion of Some Treatments that are covered in Long Term Insurance
- Government Regulations in Favor of the Short Term Insurance Market
- Increase in Promotional Activities
- Stiff Competition among the Players
Market Leaders and their expansionary development strategies
On 24th January 2020, HDFC has agreed to acquire 50.8% stake of Apollo Munich health insurance
On March 2020, Star health and ICICI Lombard has launched a policy which will cover the individual who has tested positive for COVID 19 and require hospitalization
Key Target AudienceShort term health Insurance providers, Government associations, Research organizations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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